Here’s a thread for all you Thurs/Friday Traders.
Remember, US NFP (combined with ECB announcements and British election results) tomorrow…be cautious. Should be a highly volatile day.
I hope you have a fantastic, wonderful, restful beautiful weekend and I hope to see you at Monday’s WLW.
Be good to you!
Triffany
Triffany Hammond helps traders of all levels, gain the tools, resources and guidance necessary to build on their strengths and work around their weaknesses so that they can make the best possible decisions for themselves in the Forex Market. Triffany is a regular speaker and contributor at FXStreet.com and heads "The Human Element" a blog dedicated to trading psychology at ForexMotion.com Want to know more? She was recently profiled in "FXStreet.com's Women in Forex" Series.
You can contact her at Triffany(at)Triffx.com
Watching the USDCHF…… Is it going to continue to retrace or not? thought I might hold a bit at the 1.107 level, but not sure
There’s an untested level at 1.09 ish. And it’s at the top of its channel. It could go that deep.
Thanks Triff, I am focusing on the USDCHF only now
YUK,,,,,,,,,,,,,,, The USDCHF retrace of the retrace is a real pain -only maybe another few more days of agony
Holy risk aversion backlash … is everyone out of the JPY pair trades already !!! WOW
My CADJPY update …
http://www.screencast.com/t/NTQwZWU5OD
Question : Is EURJPY on its way down to hell ? I mean the EUR is crashing and the JPY is shooting for teh stars, is there any reason I shouldn’t sell the life out of this thing ?
go for it Aby cheers!
Holy mackeral with cheese on top … what a day !!! Talk about the Yen, what next ? …. “I’d like to order the crepe a la baguette for starters and frogs legs with garlic and onions with a croissant to finish” “excellent choice sir that will be 17,000Yen please” …”oh Euro, we don’t accept that trash, I will see if the manager will let you do the washing up” Arrrrggggh !!!!
Huh! you forgot the wine…
Now, with a taste of a windfall….. what shall you be eying today, my friend?
After the major moves yesterday and today being NFP, I wonder if there are any positions worth taking a close look at – for possible correcting moves? any thoughts? Aby or Triffany?
USDCHF has begun to retrace, what are the chances of retracement to the 1.09 range? I am short
If i follow anything it must be EURUSD based, the nfp came out good for the USD which means, i think, there is no real reason for anyone to buy EUR, which means the EURUSD and its crosses must be thinking south … EURJPY looks to me turning back down, though the USDJPY has recovered well … also the USDCAD is settling at the 800SMA on the 4HR, which could mean opportunities to get back in on the long … otherwise i am still confused
Good comments. Thanks…. I agree with the USDCAD….. Daily show a buge binge to the 800, retracement, and now perhaps resumption toward Triff’s pic Daily 800 (I think she was looking at that).
Did you have your wine yet? or waiting for the week end to celebrate…. overlooking the ocean….
If I were trading, I’d e watching: The G/J, and G/U have good AOIs, the N/U has a H/S around the 4h 800sma. The U/CAD seems like it has retraced and is ready for another long. The U/CHF has resisted the top of the channel twice and seems primed for a short.
Fantastic trading week this week!! WOO HOO!!
Superb comments by Ms Woo Hoo! I am short the UCHF and Long U/Cad………. O/W having a beer and working on a new Website……….. Thanks Triff and Aby for observations. Oh yes, my new computer chair (where my small derriere is placed so many hours)….. Its wonderful… buy a new chair, make your buns happy !! pardon the unprofessionalism
Looking at the longer term view of the NZDUSD (Daily chart), it climbed for a long time and then head and shouldered itself for a while, while making lower high’s, and the edging up over the past 3 months has been painful, which looks to me as though this thing will fall … a fall to around 0.7050 would break my TL and a stop at around 0.7350 might hold out a drop to 0.6600 … on the other hand a break above 0.7180 might be a push to the long side … any specific thoughts on my specific thoughts ?
(… hmmm a new chair eh, i am way ahead of you there, I already have the new Lazy boy deep relaxation multi-massage coffee dispenser plus 3000 !!!!)
Does she purr when massaging your “back”?
Will look at the NU and offer my meager thoughts…..
I follow the monthly – showing 4 cycles up with last one weak, closing below the 71.8% fibo. Weekly, its at the top of a “Trffany muddy zone” .73 top .667 bottom, with strong rejection at top. Daily: My daily shows strong resistance at .7333, small candles at top, taking price a tad beneath an old Daily TL from Oct 21, Jan 14 to May 7. On the other hand, my daily support was hit with big bear candles Thursday. Friday could be a hammer – not sure. True, lower daily highs all week long. And the last daily retracement from Jan 14 top to Feb 8 bottom rose above the 71.8% on May 4 – somewhat softening our case for NU short. Finally, the MACD daily is slightly negative with the moving average lines crossing to show weakness.
Sorry for all the somewhat disjointed observations…. From my view you are a better analyst (especially long term) than I………… but most happy to compare notes.
Is the Lazy Box for computer work or relaxing?
Lets do further work on the NU, see where it leads us………
cheers